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Lithia buys back $35.6 million more 2.875% convertibles due May 2009 at discount
By Jennifer Chiou
New York, April 15 - Lithia Motors, Inc. said it repurchased and retired an additional $35.6 million of its 2.875% senior subordinated convertibles notes due May 2009 at a discount.
The company added that it has sufficient availability to retire the remaining $6.9 million of convertibles.
Based in Medford, Ore., Lithia Motors and its subsidiaries operate automotive franchises.
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